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Hot spot tracking
- U.S. job vacancies fell to their lowest level since 2021 in April. The decline in employment will lead to a decline in the U.S. economy, which is bearish for the dollar.
- The Bank of Japan is said to be considering reducing or even stopping its bond purchases. The yen will continue to depreciate
- Hamas leaders are said to have rejected a new Gaza ceasefire proposal. A prolonged war could push up gold prices
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▼-0.22% 1.08786 1.08787 GBP/USD ▼-0.29% 1.27688 1.27713 AUD/USD ▼-0.57% 0.66523 0.66519 USD/JPY ▼-0.78% 154.891 154.812 GBP/CAD ▲0.06% 1.74615 1.74643 NZD/CAD ▲0.10% 0.84451 0.84485 📝 Review:Despite the weak labor market data, the US dollar index still rose modestly. The bearish market environment caused by the weak PMI data in May seems to have stabilized. The Canadian dollar fell due to market sentiment, further erasing its recent gains against the US dollar. The suspension of Japan's bond purchases can be seized as an opportunity to go long USD/JPY appropriately.🕵️ Operation suggestion:USD/JPY 155.294 Buy Target Price 155.720
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-1.07% 2326.85 2327.17 Silver ▼-4.12% 29.478 29.482 📝 Review:In the early trading of the European market on Tuesday, the spot gold price experienced a short-term correction. The gold price fell below $2,340/ounce, down $14 from the previous trading day. Technical analysis shows that gold has issued a bearish signal, with the short target pointing to $2,318.50/ounce. However, from the news perspective, the uncompromising attitude of the Hamas leader will provide some support for gold.🕵️ Operation suggestion:Gold 2328.95 Buy Target Price 2352.49
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-1.54% 72.78 72.806 Brent Crude Oil ▼-1.23% 77.111 77.128 📝 Review:On Tuesday (June 5), OPEC+ plans to relax production restrictions this year, deepening the market's bearish sentiment, and oil prices fell to their lowest level in about four months. The production cuts will be lifted as early as October, which will bring more crude oil supply to the market. The market has been worried about demand and strong supply from outside the organization. We believe that the risk of geopolitical crisis facing crude oil supply is weakening, which has also exacerbated the decline in oil prices.🕵️ Operation suggestion:WTI Crude Oil 72.976 Sell Target Price 72.248
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▲0.21% 18660.33 18667.84 Dow Jones ▲0.37% 38722.5 38738.1 S&P 500 ▲0.07% 5294.32 5295.33 ▼0.00% 17559.3 17559.3 US Dollar Index ▲0.06% 103.71 103.76 📝 Review:The Dow Jones Industrial Average closed up 0.34%, while the S&P 500 and Nasdaq closed slightly higher. Apple (AAPL.O) rose 0.16%, with a market value approaching $3 trillion. Nvidia (NVDA.O) rose 1.2%, with a market value of $2.86 trillion. The Nasdaq China Golden Dragon Index closed down 0.99%, with NIO (NIO.N) falling more than 2% and Alibaba (BABA.N) rising 0.7%.🕵️ Operation suggestion:Nasdaq 100 18701.840 Sell Target Price 18488.502
CryptoProduct Yesterday's Change Yesterday's Close Today's Open BitCoin ▲1.90% 70421.1 70626.5 Ethereum ▲0.89% 3802.4 3808.8 Dogecoin ▲1.34% 0.16035 0.16008 📝 Review:According to Coin Metrics, the flagship cryptocurrency has surged 13% in May. This is its eighth monthly gain in the past nine months and the biggest monthly gain since February, when Bitcoin surged 44%. This is thanks to the rally led by Ethereum before the SEC approved a rule change last week to allow the issuance of Ethereum ETFs in the United States. At that time, Ethereum surged 20% in two days. According to the trend, try to do more and less short.🕵️ Operation suggestion:BitCoin 70648.2 Buy Target Price 72164.0
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